More than 33,000 people had £1million or more stashed in their savings accounts last year, according to new data.
It is estimated that 33,700 savers held at least £1million in bank or building society accounts in cash in 2025.
This was based on the number of people who declared at least £50,000 a year in interest to HM Revenue & Customs.
That figure is roughly the amount someone would pay if they had £1million cash and earned an interest rate of 5 per cent or less.
There are a variety of reasons why someone might have a large amount in cash, from older people who
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.
